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What would the adjusting entry to record estimated bad debts

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On December 31, Better Products has a balance in Accounts Receivable of $680,000. An analysis of the accounts receivable aging under the percentage of receivables method indicated that $48,000 in accounts receivable is expected to be uncollectible.

Question 1: What would the adjusting entry to record estimated bad debts expense using the percentage of accounts receivable method assuming the Allowance for Doubtful Accounts has a debit balance of $730 before adjustment look like?

Reference no: EM132862722

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